Showing posts with label Consulting. Show all posts
Showing posts with label Consulting. Show all posts
Friday, October 20, 2006
Management Consulting - Wikipedia
Management consulting (sometimes also called strategy consulting) refers to both the practice of helping companies to improve performance through analysis of existing business problems and development of future plans, as well as to the firms that specialize in this sort of consulting. Management consulting may involve the identification and cross-fertilization of best practices, analytical techniques, change management and coaching skills, technology implementations, strategy development or even the simple advantage of an outsider's perspective. Management consultants generally bring formal frameworks or methodologies to identify problems or suggest more effective or efficient ways of performing business tasks.
Management Consulting is becoming more prevalent in non-business related fields as well. As the need for professional and specialized advice grows, other industries such as government, quasi-government and not-for-profit agencies are turning to the same managerial principles that have helped the private sector for years.
There is a relatively unclear line between management consulting and other consulting practices, such as Information technology consulting.
Read on...Day in the life of McKinsey
Here is the life of a McKinsey consultant... Do these guys have life outside their work???
06:30 Back at my apartment to shower and get ready for the workday, I can't get yesterday's team meeting off my mind. We had a real breakthrough with the lead client, a large consumer goods company. But a new wave of issues came up too. On the surface, the issues seem trivial, but because they're politically charged they'll greatly affect our workplan. As with most of our engagements, sensitivity to internal client dynamics is critical. We rarely solve problems that don't hold implications for individual managers.
09:30 I lock myself in a closed office to "ghost" (i.e., sketch out) pages for my part of the presentation we are preparing for the client. I'm not completely sure how my final pages will look, but I want to get a few ideas down on paper now. This will give me some direction and provide a springboard for getting my EM's reaction.
18:45 The team gets together to talk about the progress we made today. As a team, we were able to filter the feedback from yesterday's meeting and adjust our workplan accordingly. Despite the frantic start to the day, we're still on track.
22:00 After eating and talking about our teams, we go our separate ways. Thinking back on my day, three key points (of course!) come to mind: 1) I was mentally challenged and learned new things; 2) I truly enjoy working with my colleagues; and 3) I've had longer days!
Read on...
06:30 Back at my apartment to shower and get ready for the workday, I can't get yesterday's team meeting off my mind. We had a real breakthrough with the lead client, a large consumer goods company. But a new wave of issues came up too. On the surface, the issues seem trivial, but because they're politically charged they'll greatly affect our workplan. As with most of our engagements, sensitivity to internal client dynamics is critical. We rarely solve problems that don't hold implications for individual managers.
09:30 I lock myself in a closed office to "ghost" (i.e., sketch out) pages for my part of the presentation we are preparing for the client. I'm not completely sure how my final pages will look, but I want to get a few ideas down on paper now. This will give me some direction and provide a springboard for getting my EM's reaction.
18:45 The team gets together to talk about the progress we made today. As a team, we were able to filter the feedback from yesterday's meeting and adjust our workplan accordingly. Despite the frantic start to the day, we're still on track.
22:00 After eating and talking about our teams, we go our separate ways. Thinking back on my day, three key points (of course!) come to mind: 1) I was mentally challenged and learned new things; 2) I truly enjoy working with my colleagues; and 3) I've had longer days!
Read on...
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